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What are the things that need to be considered when starting a new business?

Startup Questions
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This is a question from our community that has been requested time and time again. Can any of our amazing members answer this?

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    • Solved by James C

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    Answer this question...
    Which problem that consumers face today, are you trying to solve? 

    If you find yourself in the exact opposite situation of 'Which consumers can I sell my existing product to' then you have made your life a lot more challenging.

    Solving problems that consumers face in large enough numbers means that you can design a product / service / solution that they will want to buy.  Understand the problem clearly, devise a solution, work out the size of the opportunity then build a strategy and a financial plan.  If that all makes sense, then you may stand a chance of becoming a successful business owner.

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